10:14 | 16/04/2018 Economy
The Hanoi Stock Exchange and the Moscow Exchange (MOEX) signed a Memorandum of Understanding (MoU) on cooperation within the framework of the 22nd Capital Market Development Forum in Moscow on April 10.
|llustrative image - Source: VNA|
Speaking at the signing ceremony, MOEX Chairman of the Executive Board and CEO Alexander Afanasiev said over the past 18 years, the securities market has contributed to the development of Vietnam – one of the fastest-growing and most vibrant economies in Asia-Pacific, adding that MOEX plans to expand ties with markets in Asia.
He said the MoU will open up new opportunities for Russian investors and offer Vietnam an insight into the Russian securities market and bourse model.
Deputy Chairwoman of the HNX Board of Management Nguyen Thi Hoang Lan lauded MOEX as not only a large-scale securities bourse but also a hub of great ideas to run Russia’s securities market and economy.
She said through the MoU, Vietnam will learn about MOX’s experience in developing investment funds, stocks and debts, transaction and monitoring system and corporate governance.
According to the World Federation of Exchanges and Bloomberg, MOEX is the world’s second largest bond market, the fifth largest derivative market, the 13th largest stock market in terms of capitalisation and ranks among 25 markets globally by total volume of equities traded.
Following the signing ceremony, both sides held a working session to discuss experience in operating stock, bond, derivatives and goods markets.